I believe the cohort of harassers on Musk's Twitter account did much more damage to crypto than Tesla sale of bitcoin ever did, assuming one could argue it was in any way detrimental. Imagine all those following him and not involved in crypto looking at this bunch and drawing some conclusions which might or might not be true.
I couldn’t agree with you more.
No matter what the thoughts and emotion of Musk’s move, the behaviour exhibited from others is not attractive to investors. Or anyone. In my opinion.
On the other hand, investors can often be kin to starving rabid lions. Perhaps the emotions and anger from Tweeter’s attempting to protect BTC (with debatable results) will attract lions to the scent of value.
Invaluable assets wouldn’t provoke “mindless monkeys” to attack a lion. Top investors may detect the scent of dinner behind the aggression.
I noticed a puerile expectation from enough in our cryptosphere that these top companies and wall street sharks will come to our playground with their bags full of fiat and leave them here. Buy and never sell. Maybe some will do that, and hedge the losses during the bear market on derivative markets, in their fiat world, but others will simply buy low and sell high, and it's their right to do so. It's also what will keep this crypto market alive, otherwise it will freeze after they buy everything that is for sale.